Malaysia-China Kuantan Industrial Park opens office in KL

The MCKIP monument at the entrance of the industrial park. It will be give a boost with the new office in KL.

KUALA LUMPUR: Malaysia-China Kuantan Industrial Park Sdn Bhd (MCKIP) opened its new office here on Monday where its sales and marketing gallery will showcase developments in the East Coast Economic Region (ECER).

Located on the sixth floor of Wisma Selangor Dredging (South Block), the office will also be the first point of contact for potential investors here.

The office, which was officially opened by the International Trade and Industry (MITI) Minister II Datuk Seri Ong Ka Chuan, will also enhance MCKIP's service offering to potential investors.

It will offer investors support and information on investment opportunities, facilitation of sale and lease of industrial land, as well as advice and guidance on regulatory and compliance matters, including local business environment.

MCKIPSB, a 51:49 joint venture between two consortiums from Malaysia and China, is the master developer for MCKIP.

The Malaysian consortium consists of a public-private partnership comprising IJM Land Bhd, Sime Darby Property Bhd and the Pahang State Government.

The Chinese consortium is led by the state-owned conglomerate Guangxi Beibu Gulf International Port Group and Qinzhou Investment Development Co Ltd. 

"The opening of MCKIP's new office in KL is a further testament to the momentum behind the industrial park development and an example of our commitment to serve the needs of our investors, especially foreign direct investments, as well as assist them with their approval process - a critical concern for foreign investors," said MCKIPSB chairman and IJM Corp Bhd CEO & managing director Datuk Soam Heng Choon.

For 2016, MCKIP secured RM5.6bil in investments and increasing the total approved and committed investments to RM19bil with the potential of creating more than 24,000 job opportunities for the local community.

MCKIP is the first industrial park in Malaysia to be jointly developed by both Malaysia and China. 

Together with its sister park, China-Malaysia Qinzhou Industrial Park, both parks have been identified by both governments as an "Iconic Project for Bilateral Investment Cooperation" that will drive the development of industrial clusters in both countries.